Required:

(a) Calculate ROCE, Quick Ratio, Receivable penod days), towentary period (days). Payable period (days) for Harding Pic and Bradley Pic.

(b) Using the information provided by these ratios and adopting the perspective of a supplier analyst, evaluate the performance of Harding Pic and Bradley Pc. your answer, please also discuss what further information you might seek to support your decision.

17 The following are key extracts from the financial statements and market data of Harding Plc and Bradley Pic for financial years ending 31st of December 2020 and 2021: Harding Plc 2020 1000) 2021 1000) Bradley Pic 2020 (000) 2021 1000) Revenue Cost of sales Gross Profit Operating Profit Interest Expense Profit for The Year 32,760 13,860 18,900 -44,100 -2,520 46,620 166,320 65,520 100,800 15,120 -10,080 5,040 Revenue Cost of sales Gross Profit Operating Profit Interest Expense Profit for The Year Trade Receivables 23,940 Trade Receivables 3,780 7,500 45,360 6,300 5,040 6,300 8,820 Inventories Cash Trade Payable Long term Loan Share Capital (10p) Retained Earnings Dividends (Total Payout) Share Price (pence per share) Cash from operations 1,134,000 756,000 378,000 151,200 -25,200 126,000 31,500 105,000 63,000 151,200 315,000 315,000 25,200 37,800 17,400 75,600 22,680 44,100 31,500 13,860 0 1.197,000 793,800 403,200 201,600 -37,800 163,800 37 800 119,200 75,600 189,000 504,000 378,000 132,300 56,700 Invento Cash Trade Payable Long term Loan Share Capital (100p) Retained Earnings Dividends (Total Payout) Share Price (pence per share) Cash from operations 0 25 126 844 819 2,520 7,560 -44,100 -63,000